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Wednesday, June 19, 2013

Daily Archives: March 10, 2012

Carpe Diem

Gas Prices Explained

Mark J. Perry | March 10, 2012, 10:55 pm

“Gas Prices Explained,” from the same group that produced “Quantitative Easing Explained” (which now has more than 5 million views on YouTube).

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Carpe Diem

New Jersey Natural Gas Lowers Rates for 500,000 Customers, Providing Savings of Almost $100M

Mark J. Perry | March 10, 2012, 10:53 pm

WALL, N.J. — “New Jersey Natural Gas (NJNG) today notified the New Jersey Board of Public Utilities (BPU) that it will implement a decrease to its Basic Gas Supply Service (BGSS) rate that reduces the average residential heating customer’s bill … read more >

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Carpe Diem

It Took $10M in Taxpayer-Funded Subsidies To Create $50 “Green” Light Bulb to Replace a $1 Bulb

Mark J. Perry | March 10, 2012, 8:24 pm

From the Washington Post: “The U.S. government last year announced a that it would spend $10 million award of taxpayer money to fund dubbed the “L Prize,” for any manufacturer that could create a “green” but affordable light bulb. Energy … read more >

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Economics, U.S. Economy

The incredible revival of U.S. manufacturing? Credit trade and energy

James Pethokoukis | March 10, 2012, 5:30 pm

The post-Great Recession revival of U.S. manufacturing has given the economy a much-needed boost during the Not-So-Great Recovery. Some great factoids and observation from economist Jim Glassman at JPMorgan: 1. Factory output is only five percent below the all-time record high … read more >

4
Carpe Diem

What California Could Learn from North Dakota

Mark J. Perry | March 10, 2012, 5:00 pm

From Steve Moore in today’s WSJ: “In his speech last week responding to high gas prices, President Barack Obama insisted that “we can’t just drill our way out of” our energy woes. Actually, we can—and if the president wants proof, … read more >

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Carpe Diem

Has the Real Estate Market Finally Bottomed Out?

Mark J. Perry | March 10, 2012, 4:12 pm

Las Vegas: 1. Home shortage in Las Vegas? Yes, for foreclosures Realtors say: “House hunters can’t be as picky in Las Vegas today as they were a year ago, especially if they’re looking for a bargain on a foreclosure home. … read more >

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Carpe Diem

Canadian and North Dakota Oil Help Explain Why Gas Prices in Midwest Are Lower Than the Coasts

Mark J. Perry | March 10, 2012, 3:44 pm

In a recent speech, Obama mocked the “drill, drill, drill” strategy, and called it a “bumper sticker,” not a real solution to high prices at the pump.  Well, the drill, drill, drill strategy does seem to be working to keep gasoline … read more >

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Carpe Diem

Time To Call BS on ECRI’s Recession Prediction?

Mark J. Perry | March 10, 2012, 3:25 pm

Last September, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) announced publicly that “the jury is in and the verdict is recession,” saying that a new recession was unavoidable based on the declines in the ECRI’s weekly leading index.  … read more >

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Carpe Diem

Jobless Rates With Another Decimal

Mark J. Perry | March 10, 2012, 2:27 pm

The BLS reported a jobless rate of 8.3% for both January and February.  Adding an extra decimal, the unemployment rates would actually be 8.26% for January and 8.27% for February, both slightly better than the 8.3% reported.  But then the … read more >

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Carpe Diem

Markets In Everything: Quirky Cartoon Furniture

Mark J. Perry | March 10, 2012, 2:06 pm

If you had Dr. Suess as your home decorator, you might get some “Cartoon Furniture” (above) or some of these whimsical pieces (more here):

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